As Chairman Wilbur Mills impatiently twirled his cigarette holder and fired off barbed questions, seven leading economists trooped before the House Ways and Means Committee last week to support the Administration's call for a 10% surtax on personal and corporate incomes. Well over 300 academic economists mobilized by Walter W. Heller, former chairman of the President's Council of Economic Advisers, added their written endorsement. Then came businessmen declaring themselves fit to be tithed and a covey of Administration officials pleading for higher taxes.
They differed on details but demonstrated a remarkable consensus: prompt imposition of a surtax is vital to...
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